9 Best Mortgage Lenders for ITIN Loans

ITIN loans are for borrowers who are ineligible for Social Security numbers. Compare NerdWallet's picks of mortgage lenders who offer ITIN loans.

Barbara Marquand
Written by
Last updated on June 3, 2024
Edited by
✅ Fact checked and reviewed
Johanna Arnone
Edited by
✅ Fact checked and reviewed

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9 Best Mortgage Lenders for ITIN Loans

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Lender
NerdWallet Rating
Min. credit score
Min. down payment
Learn more
Guaranteed Rate

Guaranteed Rate: NMLS#2611

Top 3 most visited 🏆
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at Guaranteed Rate
at Guaranteed Rate
Home loans overall
Best for first-time home buyers

620

3%

Flagstar

Flagstar: NMLS#417490

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on NerdWallet
5.0
/5
Home loans overall
Best for mortgage lending overall

620

3%

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on NerdWallet
New American Funding

New American Funding: NMLS#6606

4.0
/5
Home loans overall
Best for first-time home buyers

580

3%

State Employees' Credit Union

State Employees' Credit Union: NMLS#430055

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on NerdWallet
4.0
/5
Home loans overall
Best for credit union lending

N/A

0%

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on NerdWallet
Churchill

Churchill: NMLS#1591

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on NerdWallet
3.5
/5
Home loans overall
Best for ease of application

620

3%

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on NerdWallet
Guaranteed Rate
Learn more
at Guaranteed Rate
at Guaranteed Rate
Guaranteed Rate

Guaranteed Rate: NMLS#2611

5.0
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: borrowers seeking a broad menu of loans, including jumbo and interest-only options, renovation loans and government-backed mortgages, as well as home equity lines of credit.
Pros
  • Offers a one-day mortgage approval process.
  • Offers a generous selection of loans, including government-backed, interest-only, ITIN, jumbo and renovation loans.
  • Advertises a HELOC that can be funded in as few as five business days.
Cons
  • Origination fees are higher than average, according to the latest federal data.
  • HELOC has a relatively short draw period, which may not provide flexibility for someone who wants the option of accessing home equity over a longer period.
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Flagstar
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on NerdWallet
Flagstar

Flagstar: NMLS#417490

5.0
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: Borrowers who may benefit from Flagstar’s unique loan options, such as ITIN loans, loans for manufactured homes or physician loans.
Pros
  • Multiple loans for those who are renovating or building a home, including loans with interest-only payments during construction.
  • Offers home equity loans and lines of credit.
  • Offers down payment assistance and loans for underserved borrowers, including ITIN loans and loans with flexible qualifications in certain communities.
  • Interest rates are on the low side relative to other lenders, according to the latest federal data.
  • Borrowers can enter their information (including their desired loan amount, down payment and zip code) into the lender’s Mortgage Quote Comparison tool and receive a customized rate quote.
Cons
  • Home equity loans are not available in all locations served by Flagstar.
  • In 2022, the lender was fined for violating laws regarding properties in flood zones.
New American Funding
Learn more
at New American Funding
at New American Funding
New American Funding

New American Funding: NMLS#6606

4.0
Home loans overall
NerdWallet rating
Min. credit score

580

Min. down payment

3%

Why We Like ItGood for: first-time home buyers, military members and self-employed or underrepresented borrowers.
Pros
  • Offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities.
  • Its home equity line of credit can be used for an owner-occupied or second home.
  • Has a program to enable buyers to make cash offers.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
  • Mortgage origination fees tend to be on the high end.
  • Personalized mortgage rates are not available on the website without providing contact information.
State Employees' Credit Union
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on NerdWallet
State Employees' Credit Union

State Employees' Credit Union: NMLS#430055

4.0
Home loans overall
NerdWallet rating
Min. credit score

N/A

Min. down payment

0%

Why We Like ItGood for: North Carolina government employees and other eligible borrowers interested in conventional loans with low down payment options.
Pros
  • No private mortgage insurance required, even with a down payment less than 20%.
  • 100% percent financing available.
  • Participates in mortgage credit certificate and down payment assistance programs.
Cons
  • Does not have government-backed loan options.
  • Membership eligibility is limited, and loans are available only for properties located in Georgia, North Carolina, South Carolina, Tennessee and Virginia.
Churchill
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on NerdWallet
Churchill

Churchill: NMLS#1591

3.5
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: borrowers with nontraditional credit who value a debt-free lifestyle. Churchill advocates debt-free homeownership and helps customers try to achieve that goal.
Pros
  • Experienced at underwriting loans for borrowers without credit scores.
  • Offers conventional mortgages for manufactured homes.
  • Has conveniences such as online chat and a mobile app.
Cons
  • Doesn't provide sample or customized mortgage rates on its website.
  • Mortgage rates and fees are on the high side, according to the latest federal data.
Guild Mortgage
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on NerdWallet
Guild Mortgage

Guild Mortgage: NMLS#3274

3.0
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: borrowers who value customer service, and first-time home buyers and others who may need the flexibility of a low-down-payment loan program.
Pros
  • Offers a wide variety of loan options, including home improvement loans and mortgages for manufactured homes.
  • Has branches in most states.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
  • Origination fees and mortgage rates tend to be on the high side, according to the latest federal data.
  • Mortgage rates are not published online.
  • Mobile app receives mostly negative reviews from users.
Fairway Independent Mortgage
Learn more
at Fairway Independent Mortgage
at Fairway Independent Mortgage
Fairway Independent Mortgage

Fairway Independent Mortgage: NMLS#2289

3.0
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: borrowers looking for a low-down-payment mortgage, renovation loan, or a specialized mortgage geared to medical professionals.
Pros
  • Offers a robust suite of loan products, including ITIN loans for borrowers without Social Security numbers, renovation loans, government-backed mortgages and loans for self-employed borrowers.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
  • Mortgage rates for different types of loans aren't posted online.
  • Origination fees and mortgage rates are on the high side compared with other lenders, according to the latest federal data.
Wells Fargo
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on NerdWallet
Wells Fargo

Wells Fargo: NMLS#399801

4.0
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: existing customers of the bank looking for a wide selection of mortgage products, as well as self-employed borrowers and home buyers without Social Security numbers.
Pros
  • Sample rates clearly posted for various loan products.
  • Offers a wide variety of loan types and products, including options for borrowers who work for themselves and those without Social Security numbers.
  • Mortgage rates tend to be on the low side compared with other lenders, according to the latest federal data.
Cons
  • Home loans business is broadly focused on bank customers.
  • Doesn’t offer home improvement loans, or home equity loans or lines of credit.
  • Scandals and government actions have damaged consumer trust in recent years.
Carrington
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on NerdWallet
Carrington

Carrington: NMLS#2600

3.5
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

5%

Why We Like ItGood for: credit-challenged borrowers interested in government loan products or borrowers with nontraditional credit histories.
Pros
  • Offers multiple low-down-payment loans.
  • Accepts history of bankruptcy, foreclosure and late payments with flexible loan program.
  • Considers borrowers with low credit scores and high debt-to-income ratios.
Cons
  • Fined $5.25 million for misleading customers about pandemic-era payment relief.
  • Doesn't offer home equity lines of credit.
  • Lender fees are on the high side, according to the latest federal data.

What is an ITIN?

An ITIN, or individual taxpayer identification number, is a number issued by the Internal Revenue Service to someone who isn't eligible to have a Social Security number but is required to file a federal tax return. Immigrants who are living and working here legally but aren't U.S. citizens are among those who may need ITINs. The IRS website has instructions on how to apply for an ITIN.

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What are ITIN mortgages?

ITIN mortgages are home loans for people who don't have and aren't eligible to get Social Security numbers. A borrower applies for an ITIN mortgage by providing an individual taxpayer identification number and other documentation.

Where can I find ITIN loans?

Only certain banks, credit unions and other lenders offer ITIN loans, so you may need to do more shopping around than an applicant would for a traditional mortgage.

Qualifying for an ITIN mortgage

With traditional mortgages, lenders use an applicant's Social Security number to track down the person's credit history from the credit reporting bureaus. Without a Social Security number, lenders must rely on other documentation, such as tax returns, bank statements and utility bills.

The documentation and credit requirements vary by lender, but generally you'll need to show proof of two years of employment and two years of tax returns and be prepared to make a higher down payment than for a traditional mortgage. The down payment requirement for an ITIN mortgage is typically 10% to 20%, and applicants may need to show they have a certain amount of cash reserves.

Last updated on June 3, 2024

Methodology

The star ratings on this page reflect each lender's overall star ratings. Read more about how we determine those ratings.

The lenders on this page are chosen using this methodology:

NerdWallet reviewed more than 50 mortgage lenders, including the majority of the largest U.S. mortgage lenders by annual loan volume (measured among lenders with at least a 1% market share), lenders with significant online search volume, and those that specialize in serving various audiences across the country.

For inclusion in this roundup, lenders must offer ITIN mortgage loans and achieve at least an overall 3-star rating from NerdWallet.

NerdWallet solicits information from reviewed lenders on a recurring basis throughout the year. All lender-provided information is verified through lender websites and surveys. We also used 2022 HMDA data for origination volume, origination fee, rate spread and share-of-product data.

To recap our selections...

NerdWallet's Best Mortgage Lenders for ITIN Loans

  • Guaranteed Rate: Best for first-time home buyers
  • Flagstar: Best for mortgage lending overall
  • New American Funding: Best for first-time home buyers
  • State Employees' Credit Union: Best for credit union lending
  • Churchill: Best for ease of application
  • Guild Mortgage: Best for customer satisfaction
  • Fairway Independent Mortgage: Best for customer satisfaction
  • Wells Fargo: Best for ease of application
  • Carrington: Best for nontraditional credit histories
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